0
MESSAGERIES
MARITIMES
M
"BEAUVAIS"
ARRIVALS
M
20th, Feb.
from Japan SAILINGS
Est Apr. to Marseilles via Manila
Manila 8th May via 10 Jupan to Marsellica vla Manila 19th May
PASSENGER/FREIGHT SERVICE
"FELIX ROUSSEL” "LA MARSEILLAISE" "LA MARSEILLAISE”
1
FREIGHT SERVICE
"BEAUVAIS"
"MEINAM"
.N. Africa & N. Africa &
Europe 27th Feb. Europe 18th Mar.
"GRANVILLE"
.N. Airlea & Europe 27th Mar,
for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
WATERMAN
STEAMSHIP
THE CHINA MAIL, FRIDAY, FEBRUARY 9, 1951.
London Shares Concerted Effort To
Firm Tone
London, Fob, 8.
The London Stock Ex- chango showed s geperally firmer tone In domestlo
stocks with
with resumed re- Javestiment of procoods
from steel share sales,
Government stocks were
·frm, and olis were · JPE ticularly good on Invest- ment buying, Gold shares WOTO mixed but apppers persistent
WCTO dull On
Motors and brewerica moved to higher levels. Rubber shares were strong and tins higher,
Financial Times' Index: 122.1-Assoolated Press,
Boom In
Japanese Bonds
New York, Feb. 0. Another splurge of demand for Japanese obligations pro-
the slowest bond market of 1951.
CORPORATION vided the only punch today in
MOBILE ALA. USA
WATERMAN LINE EXPRESS
FREIGHT SERVICE
FROM U.S. ATLANTIC COAST VIA JAPAN
1. 8. "ANDREW JACKSON"...Dus about
*.. "KYSKA"
"
DIRECT FOR
27th Feb. 1951 15th Mar. 1951
NEW YORK, BALTIMORE & PHILADELPHIA
VIA JAPAN & HONOLULU.
•, *. "ANDREW JACKSON" ... Sails about
3. 8. "KYSKA"
28th Feb. 1951
16th Mar. 1951
ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS.
WALLEM & CO., LTD.
Agents
Hongkong & Shanghai Bank Building Telephones:-38041-5
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LOW PRICES
Calculators, Typewriters Carbons & Ribbons
The World Typewriter Co.
48. Wellington BL, Tol: 20506.
Repairing Sertica.
GREAT SALE
RUGS
PALACE RUG CO. 4 Granville Rd., 1st Fl. Kowloon.
PRESS
PHOTOGRAPHS
higher from
for US$05 dollar bond,
ODO
NACK LEAVES
Keep Rubber From
Iron Curtain Nations
(FROM OUR own corresPONDENT)
London, Feb. 8.
As the London rubber conference enters its fourth day trade circles here are becoming convinced that it has resolved into a concerted effort by Britain, America and France to win the "independent" rubber- producing countries over to a unified policy aimed at preventing rubber supplies reaching Communist countries.
Despite official disclaimers that the present con- ference has anything to do with the commodity groups envisaged in the recent OEEC announcement-dis- claímera which by the way have failed to impress well- informed observers-it is believed the present meeting is a preliminary political skirmish to pave the way for an international scheme designed to funnel all available rubber supplies into the Western powers' defence in- dustries.
and
three
HONGKONG SHARE MARKET
Chicago Grain Market
Chicago, Feb. 0. Prices of grain futures closed here today as follows:-
Wheat-price per buzel.
Spot March May
5.56% 2072-35 4.0746-45
July September
Corn
Spot
Manch
MAY
R.I.
L
ROYAL INTEROCEAN
SINGAPORE JAVA PORTS and
MACASSAR
"TJITJALENGKA” ***
#TJIWANGI"
"TASMAN” •
"TJIBADANE”
"VAN HEUTSZ”
ARRIVALS
.12th Feb,
In Port
23rd Feb.
23rd Feb.
In Port
⚫ only to Singapore, Penang & n. Doll.
omitting Singapore.
• MANILA, EAST &
SOUTH AFRICA and SOUTH AMERICA "TJIPANAS” "TJISADANE" "TJIHADAK” "STRAAT 8OENDA" "TJIBESAR” **
LINES
SAILINGS 14th. Feb. 28th Feb.
7th Mar.
23rd Mar,
SAILINGS
8th Mar.
ARRIVALS
In Port
7th Mar.
12th Feb.
.17th Feb.
12th Mar.
"BOISSEVAIN”
zeth Mar.
. not calling 8. America.
"BOISSEVAIN”
23rd Mar.
"TJIBADAK”
"TJIPANAS"
7th Mar.
• JAPAN
ARRIVALS
1.026 1.05-1.8312
SAILINGS
17th Feb.
18th Feb.
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"AAGTEKERE”
"ALMKERK"
Through Bs/L
lasped to
Mediterranean and Northern
European Porta.
• JAPAN
"AAGTEKERK” †
ARRIVALS
In Port
Mid. Mar.
ARRIVALS 5th Mar,
..Mld. Apr.
SAILINGS 6th Mar. MIA. Apr.
SAILINGS
12th Feb.
Mid. Mar.
4.3015
July
1,0512
September
1.0419
Ryo
May
Judy
1.0234-91 3.09
Oats
00015-4 1001-
The strength of the American team at the con- ference seems to confirm the view that the United States is the moving spirit behind the present series of talks.
American policy has main objectives: to obtain sup- plies of natural rubber for her Eleven Japanese issues pushed strategie stockpiling, to stabilise
US$10 to nearly the price of the commodity at
thousand considerably lower level than that now quoted in the world Japanese bonds had been markets, and to eliminate com- moving higher since around the petitive buying, between Com- non- Communist turis
of the year, but demand muni reached the urgent stage on countries.
number of Having failed
achieve Wednesday when a
The volume of business trans- US$00 moved issucs
purposes by bulk pur- acted on theso up to
the Stock Exchange higher. The boom market was chasing America is now trying this
morning was valued at March
May just as lively today and bonds to got agreement on an inter- $243,950. The half day's busi- with an aggregate value of national allocation scheme and eas and
noon closing prices New York flour-per 200 lb. mack, the purpose of the London
were as follow: City of Tokyo
Fives US$04 at 420, while Ujigawa fore to be to offer long-term BANKS Electric
Power Sevens added 60 contracts to "neutral" rubber at 680, Government of Japan producing countries whose co- vital L the pro- 5 advanced 56 at 670 and operation is
to be effec- Shinyetsu Electric 640 closed posed scheme is up 50 at 570. The two-day live. gain for the Japan
Japan 525 was 87
to
US$212.000 were transterTad conference is believed there- BHARES DUYERS JELLER SALES
100
HK Bank.. 1200 1300 Post Asia INSURANCES
Union
HK Fire....
DOCKS, ETC.
N
K. Wharf .. 76 N. Ft. Wart Dock
1234 Provident, 10.10
30 4
035
44
B
250 12.60
Wheelock ..
20
100 @ 20
of
LAND, ETC.
HK Hotel
0.60
100 G7 0.75
HK Lond
100 350
S'hai Land.
1.30
Humphreys
7
2007
UNILIVIES
Tram
1914
I America succeeds in this next step would while appreciation since the first purpose the
be to convene of the year amounted to 202.
rubber pro- Big gains of the past two days presentativen a meeting of re- dis- coincided with the visit of Am-ducers and consumers to
cuss the technical aspects bassador John Foster Dulles to
allocation.
The Tokyo in an effort to effect a International
producers would. demand a peace treaty.
Italian bonds of the two to high price for their co-opera- three per cent peries of 1977 tion if it entailed closing down the free markets but this de- also demonstrated
mot by mand might be
an American assurance that the price would not be allowed to fall below П guaranteed
Associated Press.
strengthe
LONDON TIN minimum level in the event of
MARKET
London, Feb, 8. Tin prices were marked up some 25 sterling at today's morning ocasion, but the market
There was quiet, business in spot.
Prices closed today at the end
were ΤΟ
casing of world political ten- slon and consequent slackening of demend for rubber.
The consuming countries on the other hand would be main- ly concerned
that to ensure America was not allowed to draw supplies away from their own industries. A due to prob- a possible solution of this ler is contained in the official statement on the conference
of the official morning session which mys that the partici-
as follows:
Sportin, buyer
Spot tin, seller
Three-months tin, buyer Three-months tin, soller
Burinem done at
Settlement
1,420
ac- or
1,450 pant nations will "review the demand position 1453 supply and 1415 for natural and synthetic rub- 1.420 ber....and consider what
is necessary 10tion, if any,
desirable
equitable to secure distribution of supplies which Singapore, Feb. 8. are expected to be available."
SIGNIFICANT SIGN
-United Prem. MALAYA RECORD
When the
American
is the
country the synthetic
Star Ferry
3000 @ 123% 200 1334 500 12 100 1234
C. Light (0) 5.10 8.30 D600 ɗp 020 C. Light (N) 1.00 2000 © 3.00
0.10 5000 ✪ 1 25 2314
C. Light (Bonus)
Erectriu
Telephone
Tel. (New) INDUSTRIALS
914
200 25.30 200 2542 1000 231
Coment .... 22.00 £31 1000 @ 12 Rape STORES, ETC.
Datry Dairy (N) 1134 Wation
201
13
1300 @ 13
13
500
1.00
2.40
L. Crawford 2015 Sinceres
Sun Co.
COTTONS
Zwo
N.Y. Sugar
Market
New York, Feb. 6.
$13.60.—United Fress.
"ALMKERK” +
† via Manila,
SKINTSERTEDIND, ULIKEHONESSJ8116 TO 80122 4
ISBRANDTSEN
Understanding between nations and peoples, fostered by the bonds of industry and commerce-the necessary flow of goods that keeps the wheels turning all over the world-is basic to peace.
It is our fervent hope--one which we believe is almost universally shared -that the statesmen on both sides of any and all existing disputes and misunderstandings will get together and set things to rights. We still hold to the view that mutual trade does most to promote friendship and understanding between nations and peoples, and that we, as business men, should argue that point wherever and whenever we can:- Isbrandtsen
INDEPENDENT DEPENDABLE
Fast Direct Sailings to JAPAN anal WEST COAST-U.S.A.-EAST COAST
with transhipment eargo accepted for Jamaica; Havana and other Cuban Ports, also Venezuela
COMPETITIVE RATES OF FREIGHT
World sugar. futures closed S.S. "FLYING CLOUD" bere today 1 lower to 1 higher, with sales totalling 51 tracts.
con-
Domestic * siigar futures
closed today 2 to 3 lower, with 5.5. “FLYING ARROW”
sales totalling 175 contracts.
The price of Malayan tia spurted to a new record high Inclusion of eynthetic rubber today, selling at Straits $723 in this context is
Govern per picul
This la a boost of Straits ment-owned plants are produc- will be $15.62% over Monday's previous ing to capacity
they turning put 90 percent of the high.
world non-Communist Rubber sold at Straits $2.38 total per pound, equalling the peaks production of synthetic rubber price registered last November. Canada, another participant in This is a gain of 11 conts over the London conference,
Western Monday's closing.
only other Both the tin and rubber mar-which produces kets did ↑ booming business product.
of May after the two-day Chinese New It therefore, the amount
July Year's celebration. Continental natural rubber which would go
September South American to America under any inter- spot Europe and
allocation scheme Domestic No. 5 onders were particularly heavy national
consuming May
March that other meant for tin.-Associated Press.
countries would go short of July supplies, they might be offered Beptember
Spot American synthetic rubber to All the gap.
THE RUBBER
MARKETS
Prices closed today follows:----- Contract No. 4 (world)
March
4.87 pla
400 traded
4.00 bid
4.30 bid
4.00
5,40 bid
5.40 traded
5.50 traded
5.80 bid
5.50
-United Press.
v Cotton Exchange
This, however, is to presume the success of the present London conference of
Most servants and diplomats."
obotacle difficult
proventing agreement on any form of inter- 25 to 75 points lower, sales totalling 12 contracts. The national control over rubber marleet ensed after a sharply supplles is the problem of
New York, Feb. 8. Rubber futures closed today with
24
Suspension
New York, Feb. 8, higher opening, conforming obtaining the co-operation of The Cotton, Exchange decided generally with the trend at countries like Indonesia and today to extend trading suspen- London.
this through Ceylon which are
Saturday anxious: tomfon Prices closed today as foll-stay neutral in the East-West week. Some quarters belleved tug of war. There will be much that the Price Controllers had "whipped up something finally this 74,00 traded lard bargaining before
definite" obstacle is surmounted--it
but
was holding back, 0.80 traded $4.00 bud
awaiting the word from White -United Pre
The new record price quoted House and Congressional do
President LONDON MARKET
velopments. for spot rubber today in Lon-man today disclosed that he had
Tru London, Feb. 8.
don is an indication that trade referred the Prices of rubber futures
question of price closed hore today as follows circles are now firmly convinced refer
control back to the Secretary of
lows: Spot March MAY
July
Number 1 rubber, in cents
Per 15.
Biarch
April/June
October/December
60-71 08-0015 54-5434 United Press. STONE MARKET
Singapore, Feb. 8. Prices of rubber futures cloved here today as follows: Number 1 rubber, por b.
rubber, March Number 1 Number 2 rubber, February 230 Number, rubber, February 315-217 Morning Post, South China Number rubber, February 201
Apoi rubber, unbaled Black crop
Coples of
photographs February
takon by the South China Number 1-ilber April ****
Sunday Post-Horald, China.No. 1 pelo crepented Frond. Mail, and Hong Kong Tele- graph Staff Photographors
are on view in the Morning Post Building.
ORDERS BOOKED
ever in.
to
that the international allocation Agriculture, Mr
Brannan scheme is on the stocks.
look into the altuation, United Press
Today's closing ice was 800 buyon 714, tellers.
Ono male was made in Liver- pool at 70 pence.
Bank Of France Statement
Parik, Feb. 8. The Hành Đ France states ment for the week ending Feb, 1 reads as follows- Total gold holdinge
Exchange Rates of other our
rencies
Sight balance
abroad
*182,7094,771,348
N.Y. Cotton Exchange
New York, Feb. 6:
The New York Cotton EX- change will be closed again this week. This means the Exchango. will not reopen at least until Tuesday,
On Monday is on omeini holiday. Lincoln's birth- day-United Press.
4.2017, New York Exchanges
Bunkrag wwe · doria: in** Linoticiai "OROČIATUTO matica mowing at the following: Tateyama Berting mobs (pwd) was V8, dolleen (per: #1). Bodoremi maikleve (per 100)
local
Advanes to currency
this
|
viabilisation fund 120,000,000,000
Bilja discounted in
1087
AnTranes and abroad 278,071,053,101
10.08 Notes in
3.90
Intion
1,378,236,740,8IG
Elm to par: 1903
20.30
Current,agoginis "De
Glory (AITHMS)
17.00
deposita
104,707,132,130
KBC plodywe (pw 100)
New York, Teb; B. Closingt- foreign exchaögu: Canada
Holland
Venezuela--
*26,28 $0.00 Othersworn sinchanged, ent
Ameociatest Prom
DUE FROM:
New York via
Manila Feb. 10
New York vin Manila 2nd week of Mar.
SAILS FOR:
Kobe, Nagoya, Yokohama, Ban, Francisco, Los Angeles, Now York, Baltimore, Philadelphia, Boston via Panama Canal, Feb. 11
Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, Now York, Baltimore, Philadelphia, Boston via Panama
and week of Max.
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Above Dates Subject to Change
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